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Appster founders face $12M insolvent trading case
Restructuring & Insolvency 2021-12-09 12:23 pm By Cindy Cameronne

The liquidator of collapsed app-development firm Appster has filed a lawsuit against the companyā€™s founders seeking $12 million in compensation for alleged insolvent trading.

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High Court won’t hear TechnologyOne exec’s bid to revive $5.2M award
Employment 2021-12-09 5:26 pm By Miklos Bolza

A former TechnologyOne executive has lost his application for special leave to appeal a judgment throwing out a $5.2 million bullying judgment in his favour, but has vowed to seek up to $25 million in a retrial against his former employer.

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ASIC opposes BlueScope general managerā€™s request to manage company
Competition & Consumer Protection 2021-12-09 3:09 pm By Cindy Cameronne

The Australian Securities and Investments Commission has opposed BlueScope Steel general manager Jason Ellisā€™ request for court permission to manage another company, saying he should wait until the ACCCā€™s price-fixing case against him has been decided.

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Full Court parks opposition to patent for detecting parking overstays
Appeals 2021-12-09 12:01 pm By Miklos Bolza

Tech company Vehicle Management Systems has come up short in its third attempt to block competitor SARB Management Group’s patent application for a magnetic parking overstay detector, with the Full Court rejecting claims that VMS’ managing director should have been listed as the device’s inventor.

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ACCC blesses $23.6B private equity takeover of Sydney Airport
Competition & Consumer Protection 2021-12-09 5:30 pm By Miklos Bolza

The Australian Competition and Consumer Commission will not oppose the $23.6 billion takeover of Sydney Airport by an international consortium of investors, finding further consolidation is unlikely to lessen competition in a market which is already a “natural monopoly”.

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Judge ‘very, very concerned’ over Facebook posts in Qantas case
Employment 2021-12-08 12:43 pm By Miklos Bolza

Union members who allegedly urged former Qantas workers to give misleading information to the Federal Court via a survey in a lawsuit brought on behalf of 2,000 stood-down ground staff may be called to explain themselves after a judge expressed concern over their conduct.

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Sunwater loses dispute with Liberty over coverage for Queensland floods class action
Insurance 2021-12-08 3:32 pm By Miklos Bolza

Liberty Mutual Insurance does not have to indemnify dam operator Sunwater for its share of a $440 million settlement of the Queensland floods class action, the NSW Supreme Court has found.

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Port of Newcastle can charge Glencore higher access fees, High Court rules
Competition & Consumer Protection 2021-12-08 6:57 pm By Miklos Bolza

The Port of Newcastle has largely won its High Court fight with mining giant Glencore over access fees and will now be able to set a higher price for use of the port’s facilities.

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‘Ticking time bomb’: Essure class action members all at risk, court told
Class Actions 2021-12-08 2:50 pm By Cindy Cameronne

Group members in a class action over Bayer’s Essure contraceptives had ā€œa ticking time bombā€ in their bodies after being implanted with the devices, and all were at risk of developing injuries, a court has heard.

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Avanteos faces multi-million dollar penalty in landmark criminal case over dead members
Financial Services 2021-12-08 3:09 pm By Bianca Hrovat

Former Commonwealth Bank subsidiary Avanteos Investments Limited pleaded guilty on Wednesday to charging up to $700,000 in fees to hundreds of deceased superannuation fund members.

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